“There has never been a central registry or clearing house for this market,” ATH argued in a recent research report. That fragmentation, the firm said, creates an opportunity for blockchain-based ownership and settlement infrastructure.The company is aiming to do so by placing physical cards, primarily ‘PSA-10s’ (cards receiving the highest grade awarded by Professional Sports Authenticator), in a secure, professionally managed vault. Each physical card would then be matched one-to-one with a digital token representing ownership. The token could change hands while the underlying card remains in storage, only moving when an owner chooses to redeem it for physical delivery.The…

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